HomeMy WebLinkAbout04-28-1997 EDA of Mounds View
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• ECONOMIC DEVELOPMEN AUTHOR `fY
Meetin Ho 35
A6EHQ �
1. CALL TO ORDER
2. ROLL CALL - President McCarty
Vice President Koopmeiners
Secretary Trude
Commissioner Quick
Commissioner Stigney
3. APPROVAL OF AGENDA
• EDA ACTION: ATD
Comments:
4. APPROVAL OF MINUTES:
March 10, 1997, Meeting No. 33 and April 14, 1997 Meeting No. 34
EDA ACTION: ATD
Comments:
5. CONSENT AGENDA
6. PUBLIC HEARING
No public hearing scheduled for this meeting.
7. EDA BUSINESS
A. Consideration of Resolution No. 97-EDA-65 Approving Modification of the Project
Plan for the Mounds View Economic Development Project and Approving the Tax
Increment Financing Plan for Tax Increment Financing District No. 4 Staff Report No.
• EDA-97-70C (Staff Presenter: Cathy Bennett, Director of Economic Development)
EDA ACTION: ATD
Comments:
EDA
PAGE TWO
APRIL 28, 1997 •
8. REPORTS:
Report of EDA Board Members:
1. Report of President McCarty:
2. Report of Vice President Koopmeiners
3. Report of Secretary Trude
4. Report of Commissioners:
a. Commissioner Quick:
b. Commissioner Stigney: •
5. Report of Clerk-Administrator Whiting:
6. Report of Executive Director Bennett:
7. Report of Treasurer Kessel:
•
k f
A {a 4
i1 PROCEEDINGS OF THE MOUNDS VIEW
2 ECONOMIC DEVELOPMENT AUTHORITY
3
4 Meeting No.33
5 March 10, 1997
6 Mounds View City Hall
7 2401 Hwy. 10,Mounds View MN 55112
8 ***********************************************************************************
9
10 CALL TO ORDER
11
12 The Economic Development Authority was called to order by President McCarty on March 10, 1997 at 9:31
13 p.m.
14
15 ROLL CALL
16
17 MEMBERS PRESENT: Duane McCarty,Julie Trude,Gary Quick,Roger Stigney,Roger Koopmeiners,
18 Director of Economic Development Cathy Bennett,Clerk Administrator Chuck Whiting and City Attorney
19 Steve Bubul.
20
21 OTHERS PRESENT: None
22
23 APPROVAL OF AGENDA:
24
25 MOTION/SECOND: Koopmeiners/Stigney to Approve the Agenda as presented.
• 26
27 VOTE: 5 ayes 0 nays Motion Carried
28
29 APPROVAL OF MINUTES:
30
31 MOTION/SECOND: Koopmeiners/Quick to Approve the Minutes of the Economic Development Authority
32 meeting on February 10, 1997.
33
34 VOTE: 5 ayes 0 nays Motion Carried
35
36 CONSENT AGENDA:
37
38 There were no items on the Consent Agenda.
39
40 PUBLIC HEARINGS:
41
42 There were no Public Hearings scheduled for this meeting.
43
44 EDA BUSINESS:
45
46 A. Consideration of Resolution No.97-EDA62,Authorizing Staff to pursue negotiation of purchase
47 agreement with MSP Real Estate.
48
49 Ms.Bennett explained that the developer of the senior housing complex on County Road I approached the city
50 in regard to purchasing the EDA owned lot on the comer of Eastwood and Highway 10. They are interested in
51 redevelopment of the former Pleasant Wood Apartments and developing new townhomes on the vacant land
52 east of Pleasant Wood Apartments. Ms.Bennett noted that she and Pam Sheldon had met with Jeff Huggett
• 53 and Milo Pinkerton of MSP to discuss the project. They would be applying for MHFA funding to do a major
54 renovation to the interior and exterior apartments and construct new townhomes as one coordinated
55 development. M a part of the application process,they need to obtain documentation of the city's interest in
EDA Meeting#32 3t cjji'—
•
March 10, 1997
Page 2
1 pursuing a purchase agreement with them. She noted that Resolution No.97-EDA62 will in no way obligate
2 EDA to sell the property for the project,but merely states the city/EDA's interest in looking at that option.
3
4 Ms.Bennett informed the board members that the applicants are preparing to give the EDA a full presentation
5 on what the project will include and the funding sources.
6
7 Ms. Trude asked if the applicants are proposing to purchase the property for$32,500. Ms.Bennett stated
8 that this would be the proposal however she is not prepared to accept or reject any figure until she knows more
9 about the project. Ms.Trude noted that this is the property that the EDA paid$125,000 for. She also asked if
10 a project such as this would help the city approach the goals established for the Livable Communities Act.
11 Ms.Bennett explained that the city is already below the guidelines of the Livable Communities Act.
12
13 Commissioner Quick asked if there will be age restrictions for the proposed housing.
14
15 Milo Pinkerton of MSP Real Estate explained that the proposed housing would be open to anyone. These will
16 be affordable rental units, low density,lots of green space,attached garages,and a play lot for children.
17
18 Ms.Trude asked how long rent subsidy would be provided for the property under the MHFA funding.
19 Mr.Pinkerton stated it would be a 30 year restriction(15+15).
20
21 MOTION/SECOND: Quick/Trude to deny Resolution No.97-EDA62. •
22
23 Ms. Trude stated she does not feel this proposal fits the corridor study that the city has been looking at.
24 Mr.McCarty explained that the new study results have not been given to the city and he would like to preserve
25 the option of the housing proposal. The EDA is under no obligation at this point and he would like to wait to
26 see the new study results. Approving the Resolution will leave the options open.
27
28 VOTE: 2 ayes 3 nays(McCarty,Stigney,Koopmeiners) Motion FAILED.
29
30 MOTION/SECOND: McCarty/Koopmeiners to approve Resolution;No.97-EDA62,Authorizing Staff to
31 Pursue the Negotiation of a Purchase Agreement with MSP Real Estate.
32
33 Commissioner Quick asked if the EDA would have any legal obligations if this Resolution were approved.
34
35 Attorney Bubul responded no.
36
37 Commissioner Quick stated he feels approval would be taking a step towards negotiations and a step further
38 from denial.
39
40 Attorney Bubul reminded Commissioner Quick that this would not be a step of obligation.
41
42 Commissioner Quick stated he is opposed to this type of housing. Mounds View has more than enough of this
43 type of housing. Commissioner Trude concurred.
44
45 Naja Werner,2765 Sherwood Road asked if a certain number of rental units in Mounds View need to fall
46 within the Livable Communities Act guidelines. Mr.McCarty explained that these are only guidelines and
47 that the city is not legally obligated to do so.
48
Ui \ii/C:irdppg‘ ,‘, Ein
EDA Meeting#32 N. 5 n.
March 10, 1997
Page 3
1 Commissioner Stigney stated that he felt the title of the Resolution was inaccurate. Mr.McCarty explained
2 that proper steps will need to be followed prior to negotiations. Ms.Bennett noted that any further action
3 would require approval from the EDA.
4
5 Ms.Trude requested that information be provided at the April 7th EDA meeting in regard to the tax benefits of
6 a project such as this.
7
8 ROLL CALL VOTE:
9
10 McCarty aye
11 Trude nay
12 Koopmeiners aye
13 Quick nay
14 Stigney aye
15
16 Motion Carried(3-2)
17
18 REPORTS:
19
20 Report of EDA Board Members:
40 21
22 Report of President McCarty: No report.
23
24 Report of Vice President Koopmeiners: No report.
25
26 Report of Secretary Trude: No report.
27
28 Report of Commissioners:
29
30 Commissioner Quick: No report
31
32 Commissioner Stigney: No report
33
34 Report of Executive Director: Ms.Bennett noted that at the April 7th work session,the recommendations
35 from the study of Section 9 will be presented.
36
37 Report of Treasurer: No report
38
39 MOTION/SECOND: Koopmeiners/Stigney to adjourn the meeting at 10:06 p.m.
40
41 Respectfully submitted,
42
43
44
45 Tamara D.Saetke
46 Recording Secretary
47
48
49
M't.
UNAPPROVED
• 1 PROCEEDINGS OF THE MOUNDS VIEW
2 ECONOMIC DEVELOPMENT AUTHORITY
3
4 Meeting No.34
5 April 14, 1997
6 Mounds View City Hall
7 2401 Hwy. 10,Mounds View MN 55112
8 ***********************************************************************************
9
10 CALL TO ORDER
11
12 The Economic Development Authority was called to order by President McCarty on April 14, 1997 at 9:08
13 p.m.
14
15 ROLL CALL
16
17 MEMBERS PRESENT: Duane McCarty,Julie Trude,Gary Quick,Roger Stigney,Roger Koopmeiners,
18 Director of Economic Development Cathy Bennett,Clerk Administrator Chuck Whiting and City Attorney Bob
19 Long.
20
21 OTHERS PRESENT: None
22
23 APPROVAL OF AGENDA:
24
25 MOTION/SECOND: Trude/Koopmeiners to Approve the Agenda as presented.
26
41111 27 VOTE: 5 ayes 0 nays Motion Carried
28
29 Ms.Bennett noted that it would be necessary to schedule an EDA meeting for April 28, 1997 at 6:45 p.m.to
30 consider a Resolution in regard to Tax Increment Financing Plan for the Bel Rae property.
31
32 MOTION/SECOND: Trude/Koopmeiners to schedule an EDA meeting for April 28, 1997 at 6:45 p.m.
33
34 VOTE: 5 ayes 0 nays Motion Carried
35
36 APPROVAL OF MINUTES:
37
38 It was noted that the minutes of the March 10, 1997 meeting were not included in the agenda packet.
39
40 CONSENT AGENDA:
41
42 There were no items on the Consent Agenda.
43
44 PUBLIC HEARINGS:
45
46 There were no Public Hearings scheduled for this meeting.
47
48 EDA BUSINESS:
49
50 A. Consideration of Resolution No.97-EDA-63 Approving and Authorizing the Execution of a
51 Development Assistance Agreement with Kenmark Partnership,LLC.
e52
53 Ms.Bennett noted that Zep Manufacturing has requested$150,000 in tax increment assistance for the
54 construction of a 25,000 square foot office/warehouse building at the corner of Coral Sea Street and Court
55 Road J. This assistance would allow the developer to capture a ten year lease for Zep Manufacturing.
, 3
EDA Meeting#32 •
March 10, 1997
Page 2
1 She proceeded to briefly summarize various sections of the agreement.
2
3 MOTION/SECOND: Koopmeiners/Trude to Approve Resolution No.97-EDA-63,Approving and
4 Authorizing the Execution of a Development Assistance Agreement with Kenmark Partnership,LLC.
5
6 VOTE: 5 ayes 0 nays Motion Carried
7
8 B. Consideration of Resolution No.97-EDA-64,Adopting the Highway 10,Section 9 Redevelopment
9 Plan as Proposed by SRF Consulting Group,Inc.
10
11 MOTION/SECOND: Quick/Koopmeiners to Approve Resolution No.97-EDA-64,Adopting the Highway 10,
12 Section 9 Redevelopment Plan as Proposed by SRF Consulting Group,Inc.
13
14 Ms.Trude stated she feels SRF Consulting Group did a fme job on the plan,however she had one problem
15 with a section and would like to adopt the plan in all parts except in reference to Parcels 1,2 and 3. She stated
16 the purpose for this is that the City Council just adopted an ordinance keeping day care facilities out of areas
17 within 200 feet of highway traffic and this would follow that plan in keeping children out of unhealthy
18 conditions. It would also use the economic corridor for business opportunities which have a higher tax base.
19
20 MOTION/SECOND: Trude/Stigney to amend the plan and go with the"if then"scenario for Parcels 1,2 and 3
21 on land use. •
22
23 Mr.Patrick Peters of SRF Consulting Group,Inc.noted that this plan is to be used only as a guideline and
24 provides direction in making policies. This should be used as a tool for when developers come in to evaluate
25 the various elements in trying to decide what is appropriate for different areas. However,it was their feeling
26 that the residential scenario made the most sense from an access standpoint and also from balancing the benefit
27 that will come to the multi-family as well as mutual benefit that comes through the EDA/PTW properties on the
28 corner. He would suggest that the plan be adopted as it is and only use it to weigh the applications.
29
30 Ms. Trude stated the plan refers to community input meetings and yet she knows that many people in that area
31 are concerned that something not be allowed in that area which will create an impact on their neighborhood and
32 she feels multi-family and condensed housing would do so. Furthermore,whatever the council endorses with
33 the plan will very much guide the Planning Commission and staff.
34
35 A discussion followed. Ms.Trude stated she would be more comfortable with the word"accepting"in the
36 resolution,than the word"approving".
37
38 Commissioners Trude and Stigney asked that their Motion/Second be withdrawn.
39
40 Commissioners Quick and Koopmeiners accepted the amendment to the Resolution,changing the word
41 "approving"in the resolution caption to the word"accepting",and also in the 8th paragraph of the resolution,
42 changing the word"approves"to"accepts".
43
44 VOTE: 5 ayes 0 nays Motion Carried
45
46 REPORTS: •
47
48 Report of EDA Board Members:
49
•
UNAPPRirv ,
t!pea
411 EDA Meeting#32 _x ..
March 10, 1997
Page 3
1 Report of President McCarty: No report.
2
3 Report of Vice President Koopmeiners: No report.
4
5 Report of Secretary Trude: No report.
6
7 Report of Commissioners:
8
9 Commissioner Quick: No report.
10
11 Commissioner Stigney: No report.
12
13 Report of Executive Director: Ms.Bennett noted that a six-week University of Minnesota Design Course will
14 be held and she asked that any commissioners who would like to attend this course notify her. President
15 McCarty stated he would like to attend the course.
16
17 Report of Treasurer: No report.
18
19 Report of Attorney: Mr.Long noted that a motion should be made,authorizing the EDA President and the
20 EDA Director to enter into,on behalf of the EDA,the Exclusive Negotiations Agreement,set up as a three-way
21 document.
22
23 MOTION/SECOND: McCarty/Quick to authorize the EDA President and the EDA Director to enter into an
24 Exclusive Negotiations Agreement,on behalf of the EDA.
25
26 VOTE: 5 ayes 0 nays Motion Carried
27
28 MOTION/SECOND: Koopmeiners/Stigney to adjourn the meeting at 9:44 p.m.
29
30 Respectfully submitted,
31
32
33
34 Tamara D.Saeflce
35 Recording Secretary
36
37
38
39
40
704
• RESOLUTION NO.77- -fps
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING MODIFICATION OF THE
PROJECT PLAN FOR THE MOUNDS VIEW ECONOMIC
DEVELOPMENT PROJECT AND APPROVING THE TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING DISTRICT NO. 4
Section 1. Recitals.
1.01. The Mounds View Economic Development Authority ("EDA") consolidated
Development Districts No. 1,2, and 3, control of which was transferred to the EDA by the City
of Mounds View ("City"), pursuant to Minn. Stat, Sections 469.090 through 469.108, thereby
establishing the Mounds View Economic Development Project("Project"),and adopted a project
plan therefor ("Project Plan").
1.02. The EDA has determined a need to modify the Project Plan pursuant to Minn.
Stat., Sections 469.124 through 469.134 ("Development District Act") and Minn. Stat.. Sections
469.001 to 469.047 ("HRA Act") and to that end has caused to be prepared a document entitled
"Modification No. 1 to the Mounds View Economic Development Project" dated April 14, 1997
("Project Plan Modification").
1.02. The EDA has determined a need to establish Tax Increment Financing District No.
4 ("TIF District No. 4") and to adopt a Tax Increment Financing Plan ("TIF Plan") therefor,
pursuant to Minn. Stat., Sections 469.101 through 469.1081 and Minn. Stat, Sections 469.174
through 469.179 ("TIF Act")and to that end has caused to be prepared a document entitled"Tax
Increment Financing Plan for Redevelopment Tax Increment Financing District No. 4," dated
April 14, 1997.
1.03. The Project Plan Modification and the TIF Plan were referred to the Mounds View
Planning Commission, which determined that they conform to the general plan for the
development of the City as a whole.
1.04. Estimates of the fiscal and economic implications of the TIF Plan were presented
to Independent School District#621 and the Ramsey County Board before the public hearing on
the TIF Plan in accordance with the TIF Act. The county commissioner representing the area
including the TIF District was also duly notified in accordance with the TIP Act.
1.05. The EDA has fully reviewed the contents of the TIP Plan and has conducted a
public hearing thereon, at which the views of all interested persons were heard.
D.TG120155
M0205-4
Section 2. Findings; Project Plan Modification. 110
2.01. The findings stated in the Project Plan are incorporated herein by reference.
2.02. It is further specifically found and determined that:
a) the land within the Project would not be made available for development without
the public intervention and financial assistance described in the Project Plan
Modification;
b) the Project Plan Modification will afford maximum opportunity, consistent with
the sound needs of the City as a whole, for the development of the land within the
Project by private enterprise;
c) the Project Plan Modification conforms to the general plan for development of the
City as set forth in the comprehensive municipal plan;
d) the Project Plan Modification will provide employment opportunities,and improve
the tax base and the general economy of the state; and
e) the Project Plan Modification will provide an impetus for commercial
development. •
Section 3. Findings: TIF District No. 4.
3.01. It is found and determined that it is necessary and desirable for the sound and
orderly development of the Project and the City as a whole, and for the protection and
preservation of the public health, safety, and general welfare, that the authority of the TIF Act
be exercised to provide public financial assistance to the TIF District and the Project.
3.02. It is further found and determined,and it is the reasoned opinion of the EDA,that
the development proposed in the TIF Plan could not reasonably be expected to occur solely
through private investment within the reasonably foreseeable future and the increased market
value of the site that could reasonably be expected to occur without the use of tax increment
financing would be less than the increase in the market value estimated to result from the
proposed development after subtracting the present value of the projected tax increments for the
maximum duration of the district permitted by the TIF Plan.
3.03. The proposed public costs to be financed in part through tax increment financing
are necessary to permit the City to realize the full potential of the TIF District and the Project
in terms of development intensity, employment opportunities and tax base.
3.04. The TIF Plan for TIF District No. 4 conforms to the general plan of development
of the City as a whole.
D.76120155
MQ205-4
• 3.05. The TIF Plan for TIP District No. 4 will afford maximum opportunity, consistent
with the sound needs of the City as a whole, for the development of the TIP District and the
Project by private enterprise.
3.06. TIF District No. 4 is a redevelopment district under Section 469.174, subd. 10 of
the TIF Act, based on the findings described in the TIF Plan, which are incorporated herein by
reference.
Section 4. Project Plan Modification and TIP Plan Adopted.
4.01. The Project Plan Modification and the TIF Plan are hereby approved.
4.02. The EDA recommends that the City Council approve the Project Plan Modification
and the TIF Plan after the public hearing in accordance with the TIF Act.
Adopted by the Mounds View Economic Development Authority, Mounds View,
Minnesota this /4 day of ,� , 1997.
SLC'
(4PAI,
• ATTEST: Duane McCarty, President
Catherine Bennett, Executive Director
•
41
ATG220155
M0205-4